Exhibit 12.1
SunGard Capital Corp.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Year Ended December 31, | ||||||||||||
2010 | 2011 | 2012 | ||||||||||
Fixed charges | ||||||||||||
Interest expense | $ | 596 | $ | 485 | $ | 393 | ||||||
Amortization of debt issuance costs and debt discount | 43 | 40 | 36 | |||||||||
Portion of rental expense representative of interest | 77 | 78 | 71 | |||||||||
Undeclared preferred stock dividend of SunGard Capital Corp. II before income taxes (at effective rate) | 223 | 593 | 275 | |||||||||
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Total fixed charges | $ | 939 | $ | 1,196 | $ | 775 | ||||||
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Earnings | ||||||||||||
Income (loss) from continuing operations before income taxes | $ | (483 | ) | $ | (187 | ) | $ | (435 | ) | |||
Fixed charges per above | 939 | 1,196 | 775 | |||||||||
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Total earnings | $ | 456 | $ | 1,009 | $ | 340 | ||||||
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Ratio of earnings to fixed charges | * | * | * |
* | Earnings for the years ended December 31, 2010, 2011 and 2012 were inadequate to cover fixed charges by $483 million, $187 million and $435 million, respectively. |
SunGard Capital Corp. II
SunGard Data Systems Inc.
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
($ in millions)
Year Ended December 31, | ||||||||||||
2010 | 2011 | 2012 | ||||||||||
Fixed charges | ||||||||||||
Interest expense | $ | 596 | $ | 485 | $ | 393 | ||||||
Amortization of debt issuance costs and debt discount | 43 | 40 | 36 | |||||||||
Portion of rental expense representative of interest | 77 | 78 | 71 | |||||||||
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Total fixed charges | $ | 716 | $ | 603 | $ | 500 | ||||||
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Earnings | ||||||||||||
Income (loss) from continuing operations before income taxes | $ | (483 | ) | $ | (187 | ) | $ | (435 | ) | |||
Fixed charges per above | 716 | 603 | 500 | |||||||||
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Total earnings | $ | 233 | $ | 416 | $ | 65 | ||||||
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Ratio of earnings to fixed charges | * | * | * |
* | Earnings for the years ended December 31, 2010, 2011 and 2012 were inadequate to cover fixed charges by $483 million, $187 million and $435 million, respectively. |